Oil and gas giant Shell has expanded its relationship with Scuderia Ferrari, the racing division of the iconic Italian sports car manufacturer.

The new agreement, announced today (March 17), will see Shell provide lubricants and coolants for the Ferrari Hypercar program as the marque returns to the top tier of endurance racing for the first time in 50 years.

It is focused on optimizing the performance, reliability, and durability of the new Ferrari 499P, which makes its debut today at the first race of the 2023 FIA World Endurance Championship (WEC) at the Sebring International Raceway in Florida, US.

The 1000 Miles of Sebring race is the first of seven WEC rounds, which will culminate with the 8 Hours of Bahrain in Sakhir on November 4.

The season also includes the legendary 24 Hours of Le Mans race in France on June 10 and 11.

Shell says there is also a sustainability element to the partnership, with plans to assess the potential for the use of sustainable biofuels and other solutions to decarbonize Scuderia Ferrari’s broader operations in areas like logistics and power supplies.

The two organizations renewed a long-running partnership in the Formula 1 series last year and have a relationship going back as far as 1929.

Shell is also a partner of the Ferrari Challenge Series single-marque championship.

István Kapitány, global executive vice president for Shell Mobility, said: “It’s exciting to be back together in the top category of endurance racing after 50 years away. It’s truly the ultimate test ground for the quality and durability of our products and I’m delighted to be partnering across Ferrari’s entire racing activities to find new and cleaner solutions that will help decarbonize mobility as a whole.”

Ferrari chief executive Benedetto Vigna added: “We are delighted to be extending our partnership with Shell as we return to the top class of endurance racing with the Ferrari 499P in the Le Mans Hypercar category. The collaboration between our two brands is one of the longest-running in motorsport history and we look forward to continuing the journey together as we return to Le Mans in the top class.”